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[solution]: You have purchased a futures contract for euros. The contract is


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Measurement of performance and financial leverage
2014 2013
Total assets $ 7,349,000 $ 6,553,000
Interest expense $ 115,000 $ 102,000
Long-term liabilities $ 1,220,000 $ 1,239,000
Net income $ 619,000 $ 563,000
Sales $ 8,196,000 $ 6,996,000
Stockholders equity $ 3,624,000 $ 3,221,000
A) compute the following performance measurement ratio for 2014
Asset turnover
Return on sales
Return on assets
Return on equity
B)

Is the company using financial leverage? If so is the leverage favourable or unfavourable? Explain


2014

 

(a)Asset turnover=6,996,000/6,553,000

 

=1.068

 

Return on sales=563,000/6,996,000

 

=0.08

 

Return on assets=563,000/6,553,000

 

= 0.09

 

Return on Equity

 

563,000/3,221,000

 

=0.175

 

(b) In relation to the...

 


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